Apr 10

Other Bilderberg members are Helmut Schmidt, Gerhard Schröder, Angela Merkel and Peer Steinbrück.

Get the picture Germany?

Your leaders are selected, not elected.

Just like in the US.

George Carlin: The American Dream:

Helmut Kohl, Germany’s former chancellor, has admitted that he acted like a “dictator” to bring in the single currency to the country, otherwise he “would have lost” had he held a referendum.

“We would have lost a referendum on the introduction of the euro,” said former German Chancellor Helmut Kohl

Helmut Kohl: I acted like a dictator to bring in the euro (Telegraph, April 9, 2013):

In an interview conducted for a journalist’s PhD thesis, Germany’s longest-serving postwar chancellor said that he would have lost any popular vote on the euro by an overwhelming majority.

“I knew that I could never win a referendum in Germany,” he said. “We would have lost a referendum on the introduction of the euro. That’s quite clear. I would have lost and by seven to three.”

The interview was conducted by Jens Peter Paul, a German journalist in 2002, the year when the Deutsche Mark was replaced by euro notes and coins, but has only been published now.

In it, Mr Kohl describes adopting the euro as an emblem of the European project, which he said had prevented war on the continent. Born in 1930, Mr Kohl’s politics were shaped by his country’s history in the 1930s and 1940s; his final years in power were focused on promoting European unity.

In the interview, he said: “If a Chancellor is trying to push something through, he must be a man of power. And if he’s smart, he knows when the time is ripe. In one case – the euro – I was like a dictator … The euro is a synonym for Europe. Europe, for the first time, has no more war.”

Mr Kohl justified overcoming the German public’s reluctance to relinquish the Deutsche Mark by saying that democratic politics had to be based on convictions rather than the ebb and flow of elections.

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Nov 03

Bilderberg 2011 in St. Moritz: Airbus CEO Tom Enders & Peer Steinbrück

(Since June 1, 2012 Tom Enders is the CEO of EADS.)

Germans have the great choice between Bilderg Merkel and Bilderberg Steinbrück in the upcoming elections. Good luck Germany!

Adelbert Delbrück (Wikipedia):

Gottlieb Adelbert Delbrück (* 16. Januar 1822 in Magdeburg; † 26. Mai 1890 in Kreuzlingen) war ein deutscher Unternehmer und Bankier. Er war einer der Gründer der Deutschen Bank.


Adelbert Delbrück gehörte zu der weit verzweigten Familie Delbrück, die im 19. Jahrhundert in Preußen und Deutschland einige einflussreiche Positionen innehatte. Sein Vater Gottlieb Delbrück (1777–1842) war Beamter in Magdeburg und Kurator der dortigen Universität. Sein Sohn Ludwig Delbrück (1860–1913) übernahm erfolgreich die Leitung der Bank Delbrück Leo & Co. Adelberts Vetter Rudolf von Delbrück war als Leiter des Reichskanzleramts enger Vertrauter Bismarcks.

Adelbert Delbrück war verheiratet mit Luise Jonas (1831-1922), einer Tochter von Ludwig Jonas; Paul Jonas war ihr Bruder.[1]

Peer Steinbrück – von 2002 bis 2005 Ministerpräsident des Landes Nordrhein-Westfalen, von 2005 bis 2009 Bundesminister der Finanzen und SPD-Kanzlerkandidat für die Bundestagswahl 2013ist ein Urgroßneffe des Bankgründers.

Bilderbergtreffen 2011 – Peer Steinbrück für 2013? – Kulturzeit


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Jun 10

Bilderberg Group 2011: Full Official Attendee List:

“Thanks to the fantastic work of Bilderberg activists, journalists and the Swiss media, we have now been able to obtain the full official list of 2011 Bilderberg attendees. Routinely, some members request that their names be kept off the roster so there will be additional Bilderbergers in attendance.


  • Coene, Luc, Governor, National Bank of Belgium
  • Davignon, Etienne, Minister of State
  • Leysen, Thomas, Chairman, Umicore


  • Fu, Ying, Vice Minister of Foreign Affairs
  • Huang, Yiping, Professor of Economics, China Center for Economic Research, Peking University


  • Eldrup, Anders, CEO, DONG Energy
  • Federspiel, Ulrik, Vice President, Global Affairs, Haldor Topsøe A/S
  • Schütze, Peter, Member of the Executive Management, Nordea Bank AB


  • Ackermann, Josef, Chairman of the Management Board and the Group Executive Committee, Deutsche Bank
  • Enders, Thomas, CEO, Airbus SAS
  • Löscher, Peter, President and CEO, Siemens AG
  • Nass, Matthias, Chief International Correspondent, Die Zeit
  • Steinbrück, Peer, Member of the Bundestag; Former Minister of Finance Continue reading »

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Feb 17

Peer Steinbrueck, Germany’s finance minister, prepares for the start of an EU finance ministers meeting in Brussels on Feb. 9, 2009. Photographer: Jock Fistick/Bloomberg News

Feb. 17 (Bloomberg) — German Finance Minister Peer Steinbrueck said euro-region countries may be forced to bail out cash-strapped members of the 16-nation bloc, going further than his counterparts in saying euro states can’t be allowed to fail.

“Some countries are slowly getting into difficulties with their payments,” Steinbrueck said late yesterday in a speech in Dusseldorf. “The euro-region treaties don’t foresee any help for insolvent countries, but in reality the other states would have to rescue those running into difficulty.”

Steinbrueck’s comments underscore mounting investor concerns as European nations pile on debt to bail out banks and counter the deepest recession since World War II. The EU governing treaty says member states aren’t liable for other members’ obligations.

While declining to identify countries facing problems, the German finance chief said Ireland, which has a widening budget deficit, is in a “very difficult situation.” The comment came in response to a question from the audience. Ireland’s debt- rating outlook was cut by Moody’s Investors Service Jan. 30.

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Feb 15

The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point.

If mishandled by the world policy establishment, this debacle is big enough to shatter the fragile banking systems of Western Europe and set off round two of our financial Götterdämmerung.

Austria’s finance minister Josef Pröll made frantic efforts last week to put together a €150bn rescue for the ex-Soviet bloc. Well he might. His banks have lent €230bn to the region, equal to 70pc of Austria’s GDP.

“A failure rate of 10pc would lead to the collapse of the Austrian financial sector,” reported Der Standard in Vienna. Unfortunately, that is about to happen.

The European Bank for Reconstruction and Development (EBRD) says bad debts will top 10pc and may reach 20pc. The Vienna press said Bank Austria and its Italian owner Unicredit face a “monetary Stalingrad” in the East.

Mr Pröll tried to drum up support for his rescue package from EU finance ministers in Brussels last week. The idea was scotched by Germany’s Peer Steinbrück. Not our problem, he said. We’ll see about that.

Stephen Jen, currency chief at Morgan Stanley, said Eastern Europe has borrowed $1.7 trillion abroad, much on short-term maturities. It must repay – or roll over – $400bn this year, equal to a third of the region’s GDP. Good luck. The credit window has slammed shut.

Not even Russia can easily cover the $500bn dollar debts of its oligarchs while oil remains near $33 a barrel. The budget is based on Urals crude at $95. Russia has bled 36pc of its foreign reserves since August defending the rouble.

“This is the largest run on a currency in history,” said Mr Jen.

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Jan 17

FRANKFURT, Jan 17 (Reuters) – Major German banks have so far written off only around a quarter of the nearly 300 billion euros ($397.7 billion) in toxic U.S. assets on their books, Der Spiegel magazine reported, citing a survey of 20 big lenders.

That means banks face more huge losses as they mark down the value of U.S. assets backed by mortgages and student loans, the magazine said on Saturday, reporting on a study prepared for the government by the Bundesbank and markets regulator BaFin.

German article:
Deutsche Banken sitzen auf Giftpapieren in Milliardenhöhe
(Spiegel Online)

The finance ministry in Berlin assumes that the entire German banking sector is carrying around 1 trillion euros of risky assets on its books, the magazine said.

A spokeman for the Finance Ministry said it believed banks still had “significant amounts” of risky assets but declined to confirm the figures in the report.

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Jan 11

The taxpayer looting and unsustainable debt creating ‘Paulson-Bernanke-Brown’ virus spreads rapidly around the world. Even financially relatively sound countries are now affected. ‘Sound economics’ resistance is now at close to 100%.

Critic of UK’s ‘crass Keynesianism’ offers package of tax cuts and state spending

Angela Merkel will make her sharpest political U-turn since becoming German Chancellor this week when her government unveils a €50bn (£44bn) package of tax cuts and incentives to protect Europe’s biggest economy from deepening recession.

The “Pact for Germany” programme contains a battery of tax cuts, health insurance reductions and special government funds designed to stimulate an economy forecast to contract by 3 per cent this year.

The measures, expected to be agreed at a crisis cabinet meeting tomorrow, will be announced only weeks after Mrs Merkel’s grand coalition government heaped scorn on Britain for “tossing around billions” in its efforts to tackle the credit crunch.

Germany’s Finance Minister, Peer Steinbrück, went so far as to condemn Gordon Brown’s VAT cuts as “crass Keynesianism” and said that it would take Britain a “whole generation” to work off the debt. Mrs Merkel insisted that spending one’s way out of recession did not work. (Absolutely correct!)

Don’t Miss:
Dennis Kucinich: Federal Reserve No More “Federal” Than Federal Express!

Yesterday, however, Mr Steinbrück announced plans to slash the basic tax rate from 15 to 12 per cent to persuade poorer families to keep spending.

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